Ethereum Price Analysis - 26/08/2019

Ethereum (ETH/USD) price, starting the month with a slight increase from about $210 to $230 approximately, rebound from the strong resistance line of $230 and started to decrease. On the 11th of August it reached the strong support level of $200 and after some fluctuations managed to break it out on 14th of August. Currently, the price is moving in the range of $180-$200.

Bullish scenario: Bulls may attack the high-volume level of $200 and move into the interval of $220-$240.
Bearish scenario: Bears are primarily interested to test the $180 level and in case of this scenario $160 -$150.
Neutral scenario: We can expect consolidation on the current area ($180-$200).